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Global Ethyl Acetate Market to Grow at a CAGR of 4.5% between 2020 and 2025.

According to a new report by EMR titled, 'Global Ethyl Acetate Market Report and Forecast 2020-2025', the global ethyl acetate demand reached a volume of almost 4 million metric tons in 2019. The demand is further expected to grow at a CAGR of 4.5% in the forecast period of 2020-2025 to reach a volume of 5 million metric tons by 2025.

The global ethyl acetate market is led by the Asia Pacific region, which holds a significant share in the supply market. China is the largest exporter owing to its large ethyl acetate capacity. The region is followed by North America and the European Union as the other significant regional markets. The overall market is driven by the growing demand for paints and coatings, along with adhesives owing to the active construction activities and the rising growth of the automobiles industry in the emerging economies, including China and India, among others.

In February 2019, the Eastman Chemical Company (NYSE: EMN), a leading player in the industry, assignee of the patent application titled "Homogeneous Iron Catalysts for the Conversion of Ethanol To Ethyl Acetate and Hydrogen" provided the background information presented by the inventors. The technological advancements and innovations taking place in the industry are expected to drive the industry growth further. Besides its usage as an organic solvent, ethyl acetate is commonly used in the food industry and other applications, such as inks, glues, perfumes, etc.

Market Analysis by Application, and Region:

  • The market is divided based on applications into paints and coating, adhesives, inks, and pharmaceutical industry, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of The Report:

  • The global ethyl acetate market is driven by the growing end-use industries, including paints and coatings and adhesives, among others.
  • The growing construction industry, particularly in emerging economies such as China, India, and Latin America, is enhancing the market growth of the ethyl acetate market.
  • The rising demand for printing inks is further aiding the market growth.
  • The accelerating market for automobiles industry, especially in emerging nations, is propelling the growth of the ethyl acetate market.
  • The increasing demand from several industries such as pharmaceuticals, inks, cosmetics, and packaging material is providing further impetus to the market growth.
  • The inflating disposable incomes of the consumers due to globalisation and economic growth is aiding the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global ethyl acetate market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the applications and regional markets of ethyl acetate.
  • It gives an in-depth look into the regional price trends in the global ethyl acetate market for the periods (2015-2019) and (2020-2025).
  • It analyses the global trade data, looking into the value and volume of the significant importing as well as exporting countries.

Jiangmen Handsome Chemical Development Ltd., Jiangsu Sopo (Group) Co., Ltd., Eastman Chemical Company, INEOS Group, Sekab Biofuels & Chemicals AB, Jinyimeng Group Co., Ltd., Godavari Biorefineries Ltd., and Solvay, among others, are the key players in the global ethyl acetate market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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